Duke Energy Carolinas to propose rate adjustment update for cleaner, more reliable energy for North Carolina

Share This Story

  • Request to adjust customer bills will be made on or about Aug. 25

CHARLOTTE, N.C. – As part of a determined effort to invest in, and build, a smarter energy future for North Carolinians, Duke Energy Carolinas today filed notice of its plan to request rate adjustments for customers on or about Aug. 25. 

Duke Energy Carolinas serves 2 million electric customers in central and western North Carolina, including the Triad and Charlotte.

The investments in this proposal, which will be presented before the N.C. Utilities Commission (NCUC), will include efforts to modernize the state’s electric system, generate cleaner power, and costs associated with the ongoing management of coal ash and the safe closure of ash basins.

“It’s our mission to deliver an energy future that is safer, more reliable, and increasingly clean, powered by technology that gives customers access to more information, services and bill-lowering tools,” said David Fountain, Duke Energy’s North Carolina president. “Accomplishing all these critical goals requires us to make smart investments, while also keeping rates affordable for all of our customers.”

Duke Energy Carolinas has maintained rates below the national average.

Specific details of the request will be finalized and available when Duke Energy Carolinas completes its filing on or about Aug. 25. Following the filing with the NCUC, a public and transparent process will begin that includes public hearings and opportunity to comment.

Duke Energy Progress, which serves electric customers in parts of central and eastern North Carolina and in the Asheville region, filed a similar request to adjust rates on June 1. Duke Energy Progress customers will not be affected by this new request.

Duke Energy Carolinas

Duke Energy Carolinas owns nuclear, coal-fired, natural gas, renewables and hydroelectric generation. That diverse fuel mix provides approximately 19,700 megawatts of owned electric capacity to about 2.5 million customers in a 24,000-square-mile service area of North Carolina and South Carolina.

Headquartered in Charlotte, N.C., Duke Energy is one of the largest energy holding companies in the United States. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. The company’s Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States.

Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com

The Duke Energy News Center serves as a multimedia resource for journalists and features news releases, helpful links, photos and videos. Hosted by Duke Energy, illumination is an online destination for stories about people, innovations, and community and environmental topics. It also offers glimpses into the past and insights into the future of energy.

Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact:

24-Hour: 800.559.3853